Retzloff Steven F. 4

What Happened
Steven F. Retzloff, Executive Chairman and Director of Stellar Bancorp (STEL), was granted a total of 13,412 shares on March 1, 2026 through awards reported on Form 4 (transaction code A). The filing shows two acquisitions: 5,365 restricted shares and 8,047 performance-based units, each reported at an acquisition price of $0.00 (standard for compensation awards), total reported cash paid $0.

Key Details

• Transaction date: 2026-03-01; Filing date: 2026-03-03 (filed timely).
• Grants reported: 5,365 restricted shares @ $0.00 and 8,047 performance share units @ $0.00 (total 13,412).
• Shares owned after the transaction: Not specified in the filing.
• Footnotes: F1 = restricted shares vest in roughly equal installments on Mar 1, 2027, 2028 and 2029, subject to continued employment. F2 = performance share units are subject to time and performance vesting conditions.
• Transaction code: A (award/grant). No 10b5-1, tax-withholding, or sale noted.

Context
These awards are compensation-related (not open-market purchases or sales). Restricted shares vest over multiple years and performance units depend on future performance/time conditions, so they do not represent an immediate cash investment or sale by the insider. Such grants are routine for executive compensation and should be interpreted as part of pay, not a direct market sentiment signal.